Page 3 - China Us Trade

Beijing sanctions Korean shipbuilder giant as US-China tensions escalate

China's commerce ministry accused Hanwha Ocean's US units of violating its anti-foreign sanctions law and warned of further countermeasures against countries backing discriminatory restrictions

Trump port fees bring added headache for Chinese shipping companies

Cosco Shipping could face $1.5-2.1 billion in US port fees in 2026, OOIL up to $654 million, while non-Chinese carriers see limited impact due to use of non-China-built ships

US, China to roll out tit-for-tat port fees on shipping amid trade tensions

Early this year, Trump's administration announced plans to levy the fees on China-linked ships to loosen that country's grip on the global maritime industry and bolster US shipbuilding

China firmly rejects US sanctions, vows to safeguard its rights, interests

China rejects recent US sanctions, calls high tariffs counterproductive, and urges Washington to resolve differences through dialogue based on equality, respect, and mutual benefit

China switches trade files to WPS-only format, shutting out MS Word

China's Commerce Ministry issued new documents on rare earth export controls which couldn't be opened using MS Word or any other American word processor but only with homegrown software, WPS Office

China's exports beat forecasts, showing resilience as trade war escalates

The strength of demand from markets other than the US means that Chinese firms should be less affected by the further increase in tariffs threatened by President Donald Trump

Trump announces additional 100% tariff on China, plans export curbs on tech

US president's move follows China's warning of sweeping export controls from November 1, reigniting fears of global trade disruption ahead of possible Xi-Trump talks at APEC

China hits back at US ships with additional port fees from October 14

For US vessels berthing at Chinese ports from October 14, the rate shall be 400 yuan ($56.13) per net tonne, the Chinese transport ministry said

US lawmakers push for broader bans on chipmaking tool sales to China

US lawmakers urge broader bans on chipmaking equipment to China after a report found $38 billion of gear bought legally last year, up 66% from 2022, highlighting export rule gaps

US soybean farmers face crisis as China halts purchases amid trade tensions

The leafy soybean plants reach Caleb Ragland's thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn't know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans grown in the US, is in effect boycotting them in retaliation for the high tariffs President Donald Trump has imposed on Chinese goods and to strengthen its hand in negotiations over a new overall trade deal. It has left American soybean farmers fretting over not only this year's crop but the long-term viability of their businesses, built in part on China's once-insatiable appetite for US beans. This is a five-alarm fire for our industry, said Ragland, who leads the American Soybean Association trade group. The situation might even be enough to test farmers' loyalty to Trump, although he still enjoys strong support throughout rural America. If no deal is reached soon, they hope the ...

US, China in final stages of talks to finalise 'huge' Boeing aircraft order

Boeing has been working toward finalising a deal with China to sell as many as 500 aircraft, in a transaction that would end a sales drought that stretches back to Trump's last visit in 2017

China floods global markets with cheap exports after Trump's tariffs

Countries locked in tariff talks with Trump are hesitant to spark another trade war with China, giving Beijing relief from US levies once expected to slash its annual growth rate

US lawmakers meet China's Li Qiang, call for more military dialogue

A bipartisan group of US lawmakers pushed for more military-to-military dialogue in a meeting Sunday with China's Premier Li Qiang, a rare congressional visit since the US-China relations soured. The last trip by a group of senators was in 2023, and Sunday's delegation was the first from the House of Representatives to visit Beijing since 2019. Li welcomed the delegates led by Rep. Adam Smith and called it an icebreaking trip that will further the ties between the two countries. It is important for our two countries to have more exchanges and cooperation, this is not only good for our two countries but also of great significance to the world, Li said. Smith, a Democrat on the House Armed Services Committee, said both sides were in agreement on the overarching aim of the visit. "Certainly, trade and economy is on the top of the list ... (but also) we're very focused on our military-to-military conversations, he said in opening remarks. As a member of the Armed Services Committee, I

Trump halts $400 mn Taiwan military aid amid push for China trade deal

Beijing sees Taiwan, the self-ruled democracy of 23 million people, as part of its territory and has regularly protested US arms transfers as provocative

American soybean farmers face steep losses as China halts purchases

Since President Trump imposed tariffs on Chinese goods in February, Beijing has retaliated by halting all purchases of American soybeans

How China is weathering trade war with Trump amid US economic pressure

Tariffs triggered a plunge in China's exports to the United States, but its global trade surplus is larger because sales to other regions are surging

TSMC joins South Korean rivals, loses US fast-track export status for China

TSMC, SK Hynix and Samsung Electronics have, until now, benefited from exemptions to sweeping restrictions that the US has imposed on chip-related exports to China

Samsung, SK Hynix drop as US revokes chip equipment permits for China

Trump administration's move would revise what's known as the validated end user, or VEU, rules, handicapping the ability to make chips in China and jeopardizing it's access to certain technologies

US lawmaker urges tighter AI chip exports to curb China's military edge

Chairman Moolenaar's RTT framework aims to maintain China's reliance on US hardware and software while restricting its capabilities in advanced AI, according to a statement from the SCCCP

Trump warns China of 200% tariff if rare earth magnet exports curbed

US President Donald Trump stresses desire for 'great relationship' with Beijing despite escalating tensions over tariffs and resources